Reversing the temporary bump in investments in the previous quarter, fresh capex announcements in the March-ended quarter crawled back to year-ago levels, CMIE data shows After a bump in new projects announced by Indian companies last quarter, fresh investments declined in the March-ended quarter, latest data from the project-tracking database of the Centre for Monitoring Indian Economy (CMIE) shows.
The worst may be yet to come as Indian businesses deal with the twin shocks of a health crisis and a global recession. Together, both private and public sector companies announced new projects worth Rs.
2.9 trillion in the March quarter, a 2 percent decline compared to a year-ago period, and a 41 percent decrease compared with the quarter